Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Hi, I want to ge the detailed steps and solutions for question 3 part A, B and C. Please help. Thank u Question 3 (968
Hi, I want to ge the detailed steps and solutions for question 3 part A, B and C. Please help. Thank u
Question 3 (968 23 marks) Felix Pty Ltd uses a job-costing system at its Laverton plant. The plant has a Machining Department and a Finishing Department. Felix uses normal-costing with two direct cost categories: Direct materials, and Direct manufacturing labour And two manufacturing overhead cost pools The machining department, with machine hours as the allocation base, and The finishing department, with direct manufacturing labour costs as the allocation base The 2016 budget for the plant is as follows Manufacturing Overhead Direct Labour Costs Direct Labour Hours Machine Hours Machining Department $2,500,000 $450,000 15,000 50,000 Finishing Department $2,000,000 $1,000,000 80,000 16,500 Required a) During the month of January, the amounts shown on the job cost record below were recorded for Job 29which consisted of 100 units. Use this information to calculate the cost of Job 29 on a per unit basis (9 marks) Direct Materials used Direct Labour Costs Direct Labour Hours Machine Hours Machining Department $7,000 $300 15 65 Finishing Department $1,500 $625 25Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started